Nakilat borrows $669m for LNG vessels

Doha, January 30, 2014

Nakilat, the world's biggest liquefied natural gas transporter, has secured a $669 million facility with Qatar National Bank to finance vessel purchases by its joint venture with Greece's Maran Ventures.

The loan will allow the venture, Maran Nakilat, to refinance other obligations and double its fleet to eight vessels, Nakilat said in a statement quoted by Qatar's official news agency QNA. It did not disclose terms of the deal. - Reuters